Share via

Wall Street opened lower this afternoon, following the trend set by global
markets, with the Dow Jones Industrial Average losing 58 points to 10,728 in
the first few minutes of trading.

The falls provided sharp contrast with the previous day, when the index jumped
404.71 points — its biggest daily rise in more than a year.

Optimism over the eurozone’s €750 billion (£650 billion) bailout evaporated
amid concerns that countries such as Greece, Spain and Portugal may not be
able to cut their debts in time to prevent contagion spreading.